Tred partners with Nium to launch green debit card
UK-based green fintech Tred has partnered with global B2B payments company Nium to issue its new sustainable product – the Tred green debit card.
Due to be launched later this year, it will be the UK’s first green debit card that will let users track, reduce and offset their carbon footprint as they spend, and plant trees with profits.
Demand for green fintech solutions is on the rise and the financial sector is also embracing this trend. UK challenger bank Starling, as well as UK kids-focused challenger GoHenry, have both launched eco-friendly debit cards in the last year.
Eco-friendly fintechs such as Treecard, Emitwise, Creed and Clim8 have also arrived on the scene recently, showing strong industry-wide support for ethical and sustainable financial services.
The card-issuance service provided by Nium will target UK-based customers and Tred will look to add reward programmes and benefits centred around the socially and ecologically conscious ethos as the programme progresses.
Tred co-founder, Peter Kirby, says: “These debit cards work seamlessly alongside the Tred app and help us achieve exactly what we set our minds to: to help people manage their money in a way that’s good for them and the planet.
“Every time our customers use Tred cards, they’ll help us plant trees and will contribute to a better future for our planet.”
Frederick Crosby, chief revenue officer at Nium, adds: “At our core, Nium’s mission is to enable businesses to meet their needs and goals through employing financial technology.
“We are so happy and proud to join Tred on a mission to help people spend and live more sustainably through offsetting their carbon footprint with virtual financial services.”
To show support and stand behind this drive for positive change, Nium has also committed to donating a percentage of the interchange fee to Tred’s tree planting programme.